July 29 (Reuters) – Australia’s Mitchell Communication Group (MCU.AX) said on Thursday its board had agreed to accept a A$363 million ($324 million) takeover bid from British media buying group Aegis (AEGS.L).
The company said Aegis had offered A$1.20 per share including options and performance rights.
Mitchell shares were earlier placed in a trading halt as Britain’s Daily Telegraph newspaper flagged the deal. The stock last traded at A$1.04. (Reporting by Michael Smith; Editing by Balazs Koranyi)